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Tom Palmer
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9 Items to Inspect in an Offer to Purchase Real Estate

  • Closing date: Is the date that the buyer has specified reasonable?

  • Repairs: Are the repairs requested acceptable?


  • Earnest money: Does the amount of earnest money put down indicate that the buyer is serious? Do you require more earnest money?


  • Mortgage contingencies: Does the buyer have a mortgage contingency and if so does it look reasonable?


  • Other contingencies: What other contingencies has the buyer stipulated? If any look unreasonable, you’ll want to negotiate changes before signing.


  • Date of possession: What date is specified and is it reasonable?


  • Expiration date: How long do you have to respond to the offer?


  • Closing costs: Is the buyer asking you to cover closing costs?


  • Personal property: Is the buyer requesting that you leave any items that could be deemed personal property in the home?

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